New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-15
RAILROAD INTERESTS.


RAIL8O4D INTERESTS.
NOT ALARMED BY THE PENNSYLVANIA.
A GLOOMY VIEW or THAT CORPORATIONS RIGHTS
IN THE soUrH PENNSYLVANIA.
PIrTsnURe July Ia Spectacular article regarding the
South Pennsylvania Road Is pubshsi In this evenings
Chronicle Telegraph OF the owners OF which is Hapa
Bagaley, who South Pennsylvania stockholder Inc
newspaper says that owing to connieung opinions
among stockholders their meetings generally resulted In
crows" and finally there drawn up an agreement by
which members of the syndicate who afx their sigma
lures will have every cent Of their investment returned
as against fifty 10 seventyVe per cent under the pro-
posed sale Pennsylvania Road The claim OF the
Pennsylvania Railroad Company that under the sale py
Vanderbilt It OF controlling interest In the South
pennsylvania has rights which must not be ignored
VIII not stand invess CATION says the paper In the first
place the Dauphn County Cout decided that the Penn
syvan had right undor tho constitution Oh this Com
onv eath buy the South Pennsylvania aud this de-
cson later TP by ns
b ron transferring the property but Daek oa AZ rs
lam IT, Vanderbilt ANA President Roberts was the de-
livery within certain time OF the controlling interest IN
the South Pennsylvania and Beech Creek Railroad Com
panes The OF this contract not having been COM
piled with the whole thing falls to the ground ana the
Speeding OF The interview with President Roberts in
which ques toned tho ability Of the syndicate 70 secure
vaua rae Chrontete-Teig,ph informant said that the
thirty four concerned IN the south Nv ma
PennsIyana can at present and they are not oa %
which are made simply to secure delay.
COMPLAINTS AGAINST NORTHWEST ROADS
WASHINGTON, July 14-S. g Burdett, attorney for tho
Ct Paul. Minneapolis and Manitoba Railway company
Appeared before the Interstate Commerce Commission
This morning and submitted motions to dismiss the COM
plants OF Hobrook Derby and others, farmers OF Dakota
The Commission after brief consultation stated 10 ME-
Burdet seemed TO be reason for his furher
attendance and that its decision would be made matter
OF record The complanants were not present. Ihs Is
the case OF a community Of Dakota farmers who COM
plain the Manitoba road refused last year to furnish
cars for the transportation Of gran incidentally avernS
that the refusal part OF plan to manipulate toe
price OF grain Mr. Burdett said that the company
action OF the Commission is equivalent a dismissal
A. T. Britton, representing the Chicago, St Paul MIN
ncaros aud Omaha Company addressed the Commission
briefly in respect the complaints otM. w. Fulton Co
and B. ID. Harding OF Hudson, Ill The complaints we're
paes we're e,ed Mr. Btton showed that at the time
with which comparison was mado violent rate war ex
Ing point aud he argued that the present rates were
restoration to normal conditions Neither or the com
but paper had been received from NJ Fulton the
rates had been reduced 10 O reasonable DaslA
ARGUING OVER THE TERRE HAUrE LEASE.
sParsGFIELD July IA tspeetab The argument on the
bali hed by the ST. Louis, Vandala anu Terre Haute
Railroad TO compel the Terre Haute and Indianapolis
Railroad give up the lease on the lines OF the former
company, was begun before Judge Gresham In the
United states Circuit this morning. The Penneyl
vana Railroad Company the party to be really Dene-
at by the forfeiture OF the lease and the Baltimore and
Ohio Company Is the party interested in sustaining the
lease Judge Trtmbu opened the argument on the part
OF the complainant lie Is assisted by j. d. Butler OF
Indianapolis and Brooks general solicitor for the
Iohp n
the Terre aaute Company followed His associates are
Ex-Governor Hoadley, Of New-York. and Judge Ramsey
and T. A. Ferguson, Of Cincinnati The argument VIII
last through onorrow.
Ia 1865 the vandaia Company, an Illinois corpora
ton leased its line TO the Terre Haute Company,
an Indiana corporation. The lease was for term term
OF nine hundred and ninety nine years Az Tue unie
alton nom leasing is ines foreign corporation With
out the OF It's stockholders This act was re-
~ Of the stocsholdsrs was not obtained the
invalid The bill prays that the lease be declared
forfeited for receiver for the property Tor an Injunction
against the operating company and then as an ateruaye
also Prays that the Sonrt sha deeay ,e shs Terpe
Haute company. covering s operation OF the properly
Tr Of hs Injunction and the receiver
iiants com pany claims that tho instrument called
Is scs violation II s's q t the sS ss 1859
claims that the repeal OF me &c. IN, IN
contract AFFIDAVIT was filed by the defendant alleg
ing that should not be appointed as the com
R 4 /, said. owns sl.6oOOoo IN stock Of tho
vandaia Company In order to make the stock valuable
and 10 give the Pennsylyania line into 81 Louis the
lease must be voded. The Terre Hsuts Company sold
its lines to the Cineiuuau, Hamilton and Dayton Com
pany recently the vandalia Lease went with the prop
erty This alleged to be endo the Baltimore deal
MISCELLANEOUS RAILWAY INTELLIGENCE
The stockholders of the New-York, New-Haven and
Hartford Railroad Company at New Haven yester-
day and ratified OF the Naugatuck the New
Haven and Sorwslk the stamford and New-csnaan and
hal approved previously the stockholders OF the
respective Lessor roads The Sewaven vote yesterday
was practically UNANIMOUS
ST. LOUIS July IA local paper says The Texas
freight war Is now fairly The Missouri Pacific
opened the ball this end OF the line yesterday by IN
siitntng en-, on sever, mPSant 5Iarsa 70 S
coffee from o. cents to 90 cents: oasgng ,sOn
from o. to Is cents All of these articles in less than
carloads have been reduced from n cents to % cents
IT % pons o e9a. asking point rates The
cotton belt has followed suit by similar CUT
Bosros July 1.-The second days session OF the sixth
annual meeting Of the railway telegraph Superntenden
was held to-day Twenty-Five names were added 10 the
rolls and the membership numbers eightytvo rep
rcsenting twenty three States Lang chairman o.
OF snbsttlns something la place OF the long ds.h 70
represent tho cipher was finally voted 70 instIuct Tue
bot IL was voted 20 hold the next meeting In New
The election for officers resulted as follows: President
road vice president g. C. Kinsman. Of the Wabash ,ys
tenn secretary and treasurer p w. Drew OF tho Chica-
20 and Eastern Illinois Railroad
TORONTO, Ont, July 1.-The traffic managers OF the
Grand Trunk and Canadian Pacific roads held private
meeting yesterday and report was current that was
held for the express purpose pooling rates both
roads
PlrrsDURG, July Is tSpecian.-A special meeting OF
the stockholders OF tho Psburg and Lake Erie Railroad
viii be held In this city August Tho business 20 DO
considered 10 tho abandonment Of portion OF tho pro-
posed tho advsabilty OF constructing only
such portions intervene between one or the tcrminf
and point or its proposed line Tho charter. ms orig